I didn’t say the cant live. But in suburban Detroit a 4 bed room house will cost you 225k easy. Add all the darn property tax on that and you end up with a 1500 to 2000k a month mortgage. Add 500 bucks for lights, gas, water. Property and auto Insurance is gonna cost you 200 a month in a low crime suburb. A family of four cost what, 700 a month to feed. A working couple needs 2 cars, and even a rusty bucket will cost you in repairs so throw 400 in (thats 2 200 dollar car notes) plus 150 for gas.
Now that 98k turns into 8k a month before taxes the 2016 tax rates make that 98 into 69,200, thats 5766 a month. Take away those expenses and thats around 1800 dollars. Sounds great, but baby need shoes, kids need lunch money, save for collage, retirement, Christmas, vacation or something, and a host of other BS that life throws at you… Guess what? Thats middle class.
Its living, but it ain’t rich.
Statistics: Posted by RayMac1963 — Wed Jan 25, 2017 12:53 pm